Archive for June, 2010
Online Student Loan Finance
Posted by admin in Student Loans on June 26, 2010
Practically 99% of the students in the UK have got online student loan finance from DirectGov.
They offer a maximum student tuition fee loan of £3,225 and a maximum student maintenance loan of about £3500.
Seems like the obvious way to go right? After the fiasco that happened this year, people aren’t so sure anymore.
If it is possible for you to get a grant through the government, through low income/disability etc, then stop reading and get to DirectGov! A free £2996 a year is worth maybe waiting a couple of extra months or so for!
Everyone else, carry on reading.
If it’s affordable and you are unsure about getting online student loan finance from the Government, you could always borrow the money off your parents. You wont have to worry about late student loan payments coming through each couple of months as well, either to pay off the university or your student accommodation. Also, most student accommodations give some sort of discount (e.g. 5%) for students that pay for the whole year instead of quarterly… That’s about £250 saved!
If you decide to go it alone for your first year, but then panic that you won’t be able to get student finance in the future if needed, don’t worry! Getting online student loan finance from the government is just as easy in the 2nd, 3rd, 4th year etc as it is in the 1st year.
Just as a heads up: After what has happened this year with the government student loans being delayed etc, I am pretty confident that the major UK banks will start offering online student loan finance for the next academic year soon..
Check back for a comprehensive guide here once all the major banks announce they are diversifying into online student loan finance!
College Loans: your Best Friend During your College Days
Posted by admin in College Loan on June 8, 2010
Nowadays, education has not become as cheap as before. Sudden increase of course fee, tuition fee etc are making student baffled about their career. Being failed to maintain a balance with this increasing expenses, many students can not cross the threshold of college. But now the time has come to change this scenario. With college loans, a student can easily finish his college without any financial hiccup.
With college loans, students can arrange 75% of their maximum expenses. Not only tuition fee and course fee, but college loan covers all study related expenditures including accommodation, transportation, books and others.
College loans are of various types. First is private student loan. This type of loan is mainly unsecured loans. Therefore, students need not bother about collateral. Many a time, college loans are available as parent loans. In this option, parents avail loans for their children’s college fees. College loans are also available in consolidation form that combines various student loans in one.
While paying off college loans, student can get various repayment options such as, standard repayment option, graduate repayment option, pre-payment etc. Guidance of various loan experts enables students to opt for the right repayment plan.
Availing college loan is not a big deal, these days college loans are obtained without any hassle. Many banks, financial institutions, lending companies offer college loans. In order to get a better deal, meet those lenders personally, ask for their loan quotes and compare them minutely. It will help you in getting college loans at a better interest rate. If you are short of time, you can opt for online option. Yes, college loans are also available on the internet. Online process is easy and less time consuming. With this option, you can get a better deal easily and within a least period of time.